In a three-and-a-half minute video posted on social media, the ex-Conservative Party leader set out a defence of the economic plan, which was blamed for the country’s subsequent economic crisis.
Liz Truss has criticised the role of institutions and blamed the “anti-growth coalition” for failing to implement her tax-cutting agenda during her short stint as prime minister last year.
The heavily criticised mini-budget has put additional pressure on the UK’s debt affordability and weakened the credibility of government policy, ratings agencies have said.
Jeremy Hunt’s time as chancellor has begun with a government u-turn that appears to go against his own instincts, before he has made a single public statement.
New prime minister Liz Truss has outlined plans she said will save average households £1,000 a year for the next two years on energy bills, but faces criticism over refusing to further tax suppliers...
New prime minister Liz Truss has selected her first cabinet, but a leadership expert has warned that her focus on appointing political allies could hinder the government’s ability to implement change.
A group of MPs has sought assurance that the Office for Budget Responsibility is preparing for a potential emergency Budget or “significant fiscal event” in September should the incoming prime...
Plans for permanent tax cuts set out by Conservative Party leadership candidates will be “difficult” to implement given the economic environment the promises are being made in, Institute for Fiscal...
Tax cuts proposed by Conservative leadership candidate Liz Truss could cost more than £30bn and break the government's fiscal rules, economists at the Institute for Fiscal Studies have warned.
